Polytec Holding
Market Cap
€110.0m
Last Updated
2020/08/05 21:23 UTC
Data Sources
Company Financials +
Executive Summary
Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic solutions for the passenger cars and light commercial vehicles, commercial vehicles, and industrial applications.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with reasonable growth potential.
Similar Companies
Share Price & News
How has Polytec Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PYT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.2%
PYT
-0.4%
AT Auto Components
0.4%
AT Market
1 Year Return
-41.5%
PYT
-21.8%
AT Auto Components
-19.7%
AT Market
Return vs Industry: PYT underperformed the Austrian Auto Components industry which returned -22% over the past year.
Return vs Market: PYT underperformed the Austrian Market which returned -20.6% over the past year.
Shareholder returns
| PYT | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | -0.4% | 0.4% |
| 30 Day | -3.5% | -2.3% | -2.6% |
| 90 Day | 0.4% | 5.6% | 0.3% |
| 1 Year | -41.5%-41.5% | -19.9%-21.8% | -18.9%-19.7% |
| 3 Year | -66.7%-69.1% | -39.0%-44.0% | -16.9%-23.1% |
| 5 Year | -26.6%-35.9% | -30.2%-38.2% | 17.8%2.9% |
Price Volatility Vs. Market
How volatile is Polytec Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Polytec Holding (VIE:PYT) Use Of Debt Could Be Considered Risky2 weeks ago | Simply Wall St
A Piece Of The Puzzle Missing From Polytec Holding AG's (VIE:PYT) Share Price4 weeks ago | Simply Wall St
How Much Did Polytec Holding's(VIE:PYT) Shareholders Earn From Share Price Movements Over The Last Three Years?Valuation
Is Polytec Holding undervalued compared to its fair value and its price relative to the market?
38.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PYT (€5) is trading below our estimate of fair value (€8.09)
Significantly Below Fair Value: PYT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PYT is good value based on its PE Ratio (6.1x) compared to the XE Auto Components industry average (11.7x).
PE vs Market: PYT is good value based on its PE Ratio (6.1x) compared to the Austrian market (11.3x).
Price to Earnings Growth Ratio
PEG Ratio: PYT is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: PYT is good value based on its PB Ratio (0.5x) compared to the XE Auto Components industry average (0.8x).
Next Steps
Future Growth
How is Polytec Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
58.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PYT's forecast earnings growth (58% per year) is above the savings rate (0.5%).
Earnings vs Market: PYT's earnings (58% per year) are forecast to grow faster than the Austrian market (22.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PYT's revenue (4.8% per year) is forecast to grow faster than the Austrian market (3.5% per year).
High Growth Revenue: PYT's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PYT's Return on Equity is forecast to be low in 3 years time (5.6%).
Next Steps
Past Performance
How has Polytec Holding performed over the past 5 years?
0.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PYT has a large one-off gain of €8.1M impacting its March 31 2020 financial results.
Growing Profit Margin: PYT's current net profit margins (2.9%) are lower than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: PYT's earnings have grown by 0.8% per year over the past 5 years.
Accelerating Growth: PYT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PYT had negative earnings growth (-27.6%) over the past year, making it difficult to compare to the Auto Components industry average (-36.2%).
Return on Equity
High ROE: PYT's Return on Equity (7.4%) is considered low.
Next Steps
Financial Health
How is Polytec Holding's financial position?
Financial Position Analysis
Short Term Liabilities: PYT's short term assets (€310.9M) exceed its short term liabilities (€134.0M).
Long Term Liabilities: PYT's short term assets (€310.9M) exceed its long term liabilities (€229.3M).
Debt to Equity History and Analysis
Debt Level: PYT's debt to equity ratio (80.5%) is considered high.
Reducing Debt: PYT's debt to equity ratio has reduced from 109.7% to 80.5% over the past 5 years.
Debt Coverage: PYT's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: PYT's interest payments on its debt are well covered by EBIT (5.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Polytec Holding current dividend yield, its reliability and sustainability?
5.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PYT's dividend (5%) is higher than the bottom 25% of dividend payers in the Austrian market (1.6%).
High Dividend: PYT's dividend (5%) is low compared to the top 25% of dividend payers in the Austrian market (5%).
Stability and Growth of Payments
Stable Dividend: PYT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PYT has only been paying a dividend for 8 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.6%), PYT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PYT's dividends in 3 years are forecast to be well covered by earnings (31.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.7yrs
Average management tenure
CEO
Markus Huemer (39 yo)
1.58yrs
Tenure
€461,000
Compensation
Mr. Markus Huemer has been Chief Executive Officer of Polytec Holding AG since January 1, 2019 and also serves as Chairman of the Board since January 01, 2019. Mr. Huemer served as Chief Operating Officer ...
CEO Compensation Analysis
Compensation vs Market: Markus's total compensation ($USD542.61K) is about average for companies of similar size in the Austrian market ($USD527.31K).
Compensation vs Earnings: Markus's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 1.58yrs | €461.00k | no data | |
| CFO & Director | 9.5yrs | €255.00k | no data | |
| COO & Director | 1.58yrs | €376.00k | no data | |
| Chief Sales Officer & Director | 2yrs | €376.00k | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Director of Corporate Communications | no data | no data | no data | |
| Head of Industrial Division | no data | no data | no data | |
| Head of Product Development Composites | no data | no data | no data | |
| 1.67yrs | €1.10m | 16.24% € 17.9m |
1.7yrs
Average Tenure
53.5yo
Average Age
Experienced Management: PYT's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Member of Supervisory Board | 15.58yrs | €25.00k | no data | |
| Independent Member of Supervisory Board | 14.33yrs | €22.00k | no data | |
| Independent Chairman of the Supervisory Board | 13.17yrs | €35.00k | no data | |
| Independent Deputy Chairman of the Supervisory Board | 13.17yrs | €28.00k | no data | |
| Independent Member of Supervisory Board | 10.5yrs | €22.00k | no data |
13.2yrs
Average Tenure
68yo
Average Age
Experienced Board: PYT's board of directors are seasoned and experienced ( 13.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Polytec Holding AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Polytec Holding AG
- Ticker: PYT
- Exchange: WBAG
- Founded: 1986
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: €109.978m
- Shares outstanding: 22.00m
- Website: https://www.polytec-group.com
Number of Employees
Location
- Polytec Holding AG
- Polytec-Strasse 1
- Hörsching
- Upper Austria
- 4063
- Austria
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PYT | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Apr 2006 |
| P4N | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Apr 2006 |
| 0GOX | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Apr 2006 |
| PYTV | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Apr 2006 |
Biography
Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic solutions for the passenger cars and light commercial vehicles, commercial vehicles, and industrial applications. The c ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/05 21:23 |
| End of Day Share Price | 2020/08/05 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.